“As one of the most dizzying bear market rallies in Wall Street history enters its second month, a nagging question faces investors: Is the stock market making real progress, or glossing over deeper problems in the economy that will start a new wave of losses?” (New York Times, Friday)
Let’s not forget the funny money the Fed is pumping into the economy.
FEE Timely Classic
“How Inflation Breeds Recession” by Henry Hazlitt
